In fact, since early April, there has been a trend of fluctuating upward movement, and the weekly MACD has reached near zero, just like early September last year. The entire trend is in a fluctuating upward movement, and entering the spot market is definitely perfect. But everyone knows that a bull market will not appear too early. Therefore, the idea of extending the timeline, including mine, is rejected. Considering that last year, on November 5th, before the bull market, it followed a monthly cycle of fluctuating upward movement, the strategy of focusing on capturing waves in the spot market is the approach before the bull market.
I remember on April 10th, when it hit 78,400, I left after reaching 84,500. On April 19th, Saturday, I recall seeing it break through 86,000 and reach the fluctuating range of 89,000 to 92,800-95,000. This wave of spots was captured, including contracts. However, from 95,000 to the current 101,700, I didn’t capture that. From the overall market and news perspective, it is evident that there will be fluctuations and adjustments in early May, but I didn’t expect it to adjust to last night’s 95,700.
From my personal analysis of the market and some information, due to the huge proportion of short-selling retail investors, capital has formed a strong pull. This has caused the adjustment point in May not to be reached. However, from the trend in April, it is impossible for the market to simply go up and exit the bull. Recently, there has been a low point of adjustment appearing. This is an opportunity for entering the spot market this year.
